Mangopay Buys WhenThen to Scale Platform Payments

Payment infrastructure provider Mangopay has acquired Dublin-based payment orchestration platform WhenThen.

The acquisition enables Mangopay to scale its payment offering and offer platforms enhanced by pay-in capabilities, intelligent payment routing, improved customer experiences, and a dashboard through which customers can identify and fix payment inefficiencies and issues, according to a Thursday (March 23) press release emailed to PYMNTS.

“As the platform economy continues to grow, creating amazing payment experiences remains a key factor for our customers and prospects,” Mangopay CEO Romain Mazeries said in the release. “Acquiring WhenThen enables Mangopay to rapidly accelerate its payment capabilities whilst providing the best payment experiences in the market.”

Mangopay, headquartered in Luxembourg, provides leading marketplaces and platforms with a flexible, white-label solution that enables them to create their own payment flow and set up eWallets to easily manage payment splits and the use of escrow accounts, Mazeries told PYMNTS in an interview posted in May 2022.

“We’ve got a technical advantage because of the flexibility of our solution and how we enable platforms to put in place the workflows they want,” Mazeries said at the time.

The acquisition of WhenThen follows Mangopay’s 2022 acquisition of Nethone, which brought additional fraud capabilities to the firm, according to the press release.

The WhenThen team and products have merged with Mangopay and will operate under the Mangopay brand. Kirk Donohoe, formerly co-founder and CEO of WhenThen, now serves as chief product officer Mangopay.

“We are extremely excited to embark on Mangopay’s journey and become the next global payment leader for platforms,” Donohoe said in the release. “Platform-based businesses, big and small, seek flexibility in how they build and operate their payment stack as they strive to meet their growth and revenue targets.”

Mangopay Chief Revenue Officer Luke Trayfoot told PYMNTS in an interview posted March 2 that the company has “a few more [acquisitions] in the pipeline coming out soon which tie into that [artificial intelligence] concept of embedding a level of automation into the business and leveraging no-code tools.”

“A big thing for us is being able to empower our customers, and layering AI on top of the data is one key way to do this for payments,” Trayfoot said at the time.